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    Credit Department Administrator - Los Angeles, United States - Manufacturers Bank

    Manufacturers Bank
    Manufacturers Bank Los Angeles, United States

    1 week ago

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    Description
    About the Organization
    Manufacturers Bank was formed by a group of banking entrepreneurs in June 1962. Our scope is to serve the specialized needs of California middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies, including small businesses and professionals.

    Our mission is to be "the bank of choice" for middle market and professional service companies by establishing long term customer relationships and loyalty, providing superior products and services through a core of highly skilled and seasoned bankers.
    To achieve our mission to be the 'bank of choice' for middle market and professional services companies, we are focused on our vision to be the premier California regional business bank that can provide the sophistication and expertise of a larger institution with the personal 'high touch' services of a smaller bank.

    Specialties:

    Commercial Loans and Lines of Credit, Asset-Based Financing, SBA Loans, and Specialized Financing, Real Estate Loans, Cash Management Services, International Services

    Description

    GENERAL SUMMARY:

    Evaluates new borrowing credits, renewals, and extensions. Consults with the Chief Credit Officer regarding significant matters related to the credit process and credit quality of the loan portfolio of Manufacturers Bank. Assists officers with credit evaluations/analysis, structuring and presentation of credit requests. Ensures loans are originated, processed, and underwritten in compliance with relevant policies, procedures and regulations.

    This 2nd Line of Defense position reviews and challenges the information provided by the 1st LOD sales/underwriting team - to enhance the understanding of the requested credit - ensuring that all aspects of the loan are understood, that potential stresses are considered, that the inherent and residual risks are transparent to all decision makers, that all risks are within the stated tolerances of the bank, and that the transaction adheres to MB's General Lending Policy.

    POSITION SPECIFICATIONS
    • Credit Analysis:
      1. Evaluate loan applications and perform thorough financial analysis to assess the creditworthiness of commercial borrowers.
      2. Analyze financial statements, tax returns, credit reports, and other relevant documents to determine the financial stability and repayment capacity of potential borrowers.
      3. Conduct comprehensive risk assessments by considering factors such as industry trends, market conditions, related collateral, idiosyncratic risks, and borrower's ability to support the loan - all under the various conditions that could exist during the life of the loan.
      4. Assess the appropriateness of credit structures, terms, pricing, and conditions based on the risk profile of the borrower and the organization's lending policies.
      5. Prepare detailed credit proposals and present findings to senior management, highlighting key risks, mitigants, and recommended actions.
    • Interactions with 1st LOD / 2nd LOD:
      1. Collaborate with relationship managers and other stakeholders to gather necessary information and ensure a thorough understanding of borrower / loan.
    • Industry Knowledge:
      1. Stay updated on industry regulations, economic trends, and market developments to effectively identify emerging risks and adapt underwriting strategies accordingly - to an individual borrower and for the bank's risk appetite, credit policy, and lending standards.
      2. Develop and maintain strong relationships with internal and external stakeholders, including borrowers, to facilitate effective communication and information exchange.
    • Credit Policy:
      1. Ensure all loans are underwritten and remain in compliance with internal policies, procedures, and regulatory requirements throughout the underwriting process and life of the loan.
      2. Surface issues to executive attention with proposed solutions that reduce risk and/or remedy the issue.
    • Portfolio Analysis
      1. Monitor the credit portfolio - considering risks related to the specific borrowers, and to the industries/geographies in which the borrowers are operating - proactively identify potential credit issues, proposing timely corrective actions and risk mitigation strategies
    • Loan Policy Exceptions:
      1. Participate in the creation of MB's exception reporting - noting issues related to the loans administered, also identifying critical issues with actions that should be taken - recommended in a timely manner.
    Position Requirements

    JOB SPECIFICATIONS:

    Education:
    • Bachelor's degree in finance, accounting, or a related field is preferred.
    • A Master's degree is a plus.
    • Related experience can outweigh formal educational experience
    Experience:
    • 15+ years' experience at a commercial lending institution - in credit assessment for the evaluations of new credits, renewals and extensions, knowledge of loan documentation, loan administration, financial analysis, cash flow and financial accounting.
    • 15+ years' experience of at least one of these product sets: construction, commercial real estate, C&I (cash flow), asset-based, franchise/quick-serve restaurants.
    • Experience in both 1st LOD and 2nd LOD is helpful.
    Skills/Qualifications:
    • Strong understanding of financial analysis techniques, credit risk assessment methodologies, and loan structuring principles.
    • Proficiency in analyzing financial statements, tax returns, cash flow statements, and credit reports.
    • Familiarity with commercial lending products, industry standards, and regulatory requirements.
    • Expert-level understanding of at least one of these product sets is required: construction, commercial real estate, C&I (cash flow), asset-based, franchise/quick-serve restaurants.
    • Excellent analytical and problem-solving skills, with the ability to assess complex financial situations and make sound lending decisions.
    • Strong attention to detail and the ability to work independently, manage priorities, and meet deadlines.
    • Exceptional written and verbal communication skills, with the ability to convey complex information clearly and effectively - at all levels of the company.
    • Proficiency in using financial analysis software and Microsoft Office Suite, particularly Excel.
    • Ability to build and maintain effective relationships with stakeholders, including borrowers and internal teams.
    • Knowledge of risk management practices and an understanding of market trends and economic indicators.
    • Professional certifications such as Certified Commercial Underwriter (e.g., CCU, CCUP) or Chartered Financial Analyst (CFA) are a plus.
    Full-Time/Part-Time
    Full-Time

    Position
    Credit Department Administrator

    Open Date
    6/23/2023

    Location
    Corporate Headquarters - Los Angeles

    Salary Range

    EOE Statement
    We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.

    CCPA Disclosure

    This California Consumer Privacy Act Disclosure ("CCPA Disclosure") explains how MB collects, uses, and discloses personal information subject to the California Consumer Privacy Act ("CCPA") as amended by the California Privacy Rights Act ("CPRA"). It also describes the privacy rights of California residents under the CCPA and how they may exercise those rights.

    This CCPA Disclosure applies solely to California residents and supplements all other applicable MB privacy policies and notices.

    Website:

    This position is currently accepting applications.
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